Occidental Petroleum

The Latest

  • Occidental Petroleum to Buy CrownRock in $12 Billion Deal to Boost Permian Operations
    OCCIDENTAL
    Occidental Petroleum, a major player in the U.S. energy sector, has made a significant move by agreeing to acquire CrownRock, a leading energy producer in the Permian Basin, for a staggering $12 billion.
  • Warren Buffet Increases Stake In Occidental Petroleum By Nearly $1 Billion
    Berkshire Hathaway
    Berkshire Hathaway purchased 18.1 million Occidental Petroleum shares for around $985 million.
  • Occidental Petroleum Wants Financial Support To Lift US Oil Companies
    OCCIDENTAL
    The business needs government to provide liquidity to energy sector during this unparalleled period of depletion
  • Occidental Petroleum To Cut Spending, Reaches Deal With Carl Icahn
    Occidental Petroleum Corp
    After reaching an agreement with activist investor Carl Icahn, Occidental Petroleum announced a new round of cost-cutting measures that will include pay cuts and reduced capital spending.
  • Occidental To Lessen Debt After Acquisition By Selling Anadarko Assets
    Occidental Petroleum
    To lessen its already substantial debt following the acquisition, Occidental is now considering selling off some of Anadarko's assets in the Gulf of Mexico.
  • Chevron Surrenders Anadarko Deal And Settles For $1 Billion Cancellation Fee
    Anadarko Petroleum Deal
    Chevron announced this week that it will not be submitting a new offer to Anadarko and will instead settle with the $1 billion cancellation fee.
  • Warren Buffett Bets US$10 Billion In Ongoing Oil Bidding War
    Anadarko Bidding War
    Warren Buffett's Berkshire Hathaway has invested US$10 billion in Occidental Petroleum to help in its planned acquisition of Anadarko.
  • Oil Firms Invests In Carbon Removal Startup To Address Climate Concerns
    Global Warming
    Large fossil-fuel companies are now investing heavily in new carbon removal tech startups in an attempt to address growing environmental concerns.